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Bitcoin Prices Plunge As The Overall Crypto Market Loses Billions


Bitcoin Prices Plunge As The Overall Crypto Market Loses Billions

Bitcoin prices plunged to below $4,400, two days after recording a historic high of over $5,000 on September 2.

The biggest sell off in the crypto markets since July 15 began after the virtual currency recorded the all-time high of $5,013.91 it reached on Saturday, and it continues to date, as per the information from Bitcoin Price Index of CoinDesk.

The session started at $4,631 and the digital token traded sideways for a while, and after this, a sharp drop was observed setting Bitcoin prices to as low as $4,345 for the session.

The downward shift, however, reflects a general drop in the cryptocurrency markets. Major digital currencies are reportedly down, leaving a few. All the major top ten cryptocurrencies are down in double digits, with Ethereum down by 14.53 percent, Litecoin down by 15.37% and Monero reporting a drop of 12 percent.

The overall market which reached a record high of around $180 billion experienced a drop of $28 billion, with current market values of $152 billion.